A survey by the International Bar Association found that over 54% of young lawyers are likely to consider leaving their jobs in the next five years, largely due to issues like work-life balance, salaries, and mental health.
The U.S. in-house counsel population has surged by 80% in the last 15 years, growing from 78,000 in 2008 to 140,000 in 2023, driven primarily by corporate demand for legal teams.
In-house lawyers now constitute nearly one-fifth of the total U.S. lawyer population, a significant increase from just 14% during the global financial crisis, indicating a strong trend away from private practice.
Midlevel attorneys find in-house roles attractive for reasons like potentially better work-life balance, direct impact on business outcomes, and opportunities to enhance broader business skills, despite some corporate positions still requiring long hours.
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